Get started

Profitabletrading

#EURUSD - 07122023Yesterday, following the trend and price action was a short. The PZ held the recovery totally and it eventually went lower during US session while indices came down. Price closed nicely at the first target given (). What's next for today? Given the many days of selling, will we get a recovery? IMO if we are to get a reversal candle today, it should be after a move lower then a sharp rebound. Looking at 1.0748 for such an up move. Price can consolidate at current levels, just below PZ and break lower, but if market move up, 1.0802 will be there level to try a short for the move down.
by FadeMeIfYouCan
dont miss the opportunity in the silver longCertainly, here's your text rewritten as if it were an analysis brief on TradingView: --- **Technical Analysis Brief: Silver** *Date: * **Analysis Overview:** Greetings, traders! I've conducted a concise technical analysis on the Silver market, and I'd like to share my findings with you. In recent observations, Silver has exhibited some promising signs, which could potentially lead to a favorable trading opportunity. **Key Findings:** 1. **Hammer Formation:** At the conclusion of a downtrend, Silver has formed a notable hammer candlestick pattern. This suggests a potential reversal in the market sentiment, as the bulls are showing signs of strength. 2. **Morning Star Pattern:** Additionally, there is a clear morning star pattern emerging on the charts. This is a bullish three-candlestick pattern, further supporting the notion of a trend reversal. **Price Projection:** If my technical analysis holds true, we may anticipate a positive price movement in the Silver market over the next 20 days. The projected target price is approximately 77,800. This presents an attractive trading opportunity for those looking to capitalize on potential gains. **Closing Remarks:** If you found value in my analysis, please consider showing your support by liking this post and following me for more updates. Remember to conduct your own research and risk management before entering any trade. Happy trading!
MCX:SILVER1!Long
by TrendlineTitan
Navigating the Forex Waters: 5 Possible Trading Outcomes🌊💹🚀 In the world of forex trading, each journey is a unique voyage filled with uncertainties. Every trade you embark upon carries the potential for different outcomes. In this comprehensive article, we'll explore the five possible results of your forex trades. We'll provide real-world examples and equip you with the knowledge to navigate these outcomes effectively, ensuring a smoother ride on your trading journey. 1. Profitable Trade: Riding the Waves of Success A profitable trade is the holy grail of forex trading. It's when your analysis and execution align perfectly, resulting in gains. 2. Breakeven Trade: Holding Steady in Turbulence A breakeven trade occurs when you exit a trade without making a profit or incurring a loss. It's a crucial outcome for risk management. 3. Small Loss: Navigating Choppy Waters Incurring a small loss is a common outcome in forex trading. It's when your analysis doesn't quite align with market movements, resulting in a manageable loss. 4. Moderate Loss: Weathering the Storm A moderate loss occurs when market movements go against your position, resulting in a larger loss than expected. 5. Significant Loss: Adapting to a Sea Change A significant loss is the result of adverse market movements that lead to substantial financial setbacks. Understanding the various outcomes of your forex trades is essential for successful navigation in the forex market. By analyzing and adapting to these outcomes, you can refine your trading strategy, manage risk effectively, and enhance your chances of achieving profitable voyages in the forex waters. Remember, every trade is a learning experience that contributes to your growth as a trader. 🌊💹🚀 Please, like this post and subscribe to our tradingview page!👍
COINBASE:BTCUSDEducation
by EliteTradingSignals
1
Decoding the Rising Wedge Pattern in Forex Trading 📈📉👩‍💼 In the world of forex trading, recognizing and understanding chart patterns can provide traders with invaluable insights into potential price movements. One such pattern, the rising wedge, is a powerful tool for identifying impending trend reversals. In this article, we'll delve into the details of the rising wedge pattern, explore its characteristics, and provide real-world examples to help you navigate the forex market more effectively. 🚀📊🔍 Decoding the Rising Wedge Pattern The rising wedge is a bearish reversal pattern characterized by its narrowing price range between two ascending trendlines. It signals a potential shift from an uptrend to a downtrend, often preceding significant price declines. Key features of the rising wedge pattern include: 1.Two Sloping Trendlines: The upper trendline connects the higher highs, while the lower trendline links the higher lows. As time progresses, the price range between these trendlines contracts, creating a wedge-like shape. 📉↗️📉 2.Volume Analysis: Typically, volume diminishes as the pattern develops. This reduction in volume signifies decreasing interest and participation in the upward movement. 📉🔊📉 3.Bearish Implications: The narrowing price range indicates weakening buying pressure, as sellers gradually gain momentum. A breakout below the lower trendline confirms the pattern's completion and suggests a potential trend reversal. 🐻📉📈 Examples 1.Currency Pair A - EUR/USD: 2.Currency Pair B - GBP/JPY: 3.Currency Pair C - AUD/NZD: Navigating the Rising Wedge Pattern 1.Confirmation: While the pattern provides a bearish signal, traders often wait for a breakout below the lower trendline to confirm the reversal before entering a trade. 🔄🔍📉 2.Risk Management: Place stop-loss orders above the upper trendline to protect against false breakouts. ⛔️📈🛡 3.Target Levels: Project the potential price decline by measuring the height of the pattern and subtracting it from the breakout point. This can guide your profit-taking strategy. 📏📊💰 Mastering the recognition and interpretation of the rising wedge pattern empowers forex traders to anticipate trend reversals and execute trades with confidence. By studying the pattern's characteristics, volume trends, and breakout confirmation, you can enhance your trading strategy and make informed decisions in the dynamic forex market. 📚🔍📊 With the rising wedge pattern in your arsenal, you'll be able to ascend to profitable insights and navigate the forex market with skillful precision. 📉🔍💼👩‍🏫✨ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
5
USDJPY, Bearish, Swing tradeGood afternoon, I hope everyone had a great weekend and previous trading week. Here I present a premarket forecast for UJ for this trading week. Last trading week UJ was bullish, breaking a key daily supply/demand area @142.118. Toward the end of the week, price reversed and closed below the same daily area of supply/demand @142.118. Price rejected at a key 4hr level @141.731 with potential to retracement back to area @142.118. If anyone has any questions, comments, concerns, or similar analysis, please share, comment, or boost.
Short
by NoPumpFakesFx
1
AUDUSD,Bearish trend,Head and ShoulderGood afternoon, I hope everyone had a succesful trading week and week in their daily lives. Here is a pre market forecast for AUDUSD this upcoming trading week. Last week, AUDUSD was bearish for the most of last week. Toward the end of the week it began a retracement process. Price broke the daily supply/demand area @0.65944. Price is projected to continue bearish momentum to the next 4hr supply/demand area @0.65464. If price rejects this area, look for the head and shoulder formation to form to confirm this projection. If there are any questions, comments, concerns, or you may have a similar analysis to mine please do not hesitate to share, comment, and boost this post.
Short
by NoPumpFakesFx
Unlocking Profitable Forex Trading Forex trading can be a complex and risky endeavor, but with a well-defined trading plan based on trend and key levels analysis, traders can gain a competitive edge. In this article, we will explore a real-life example of a forex trading plan that leverages these two powerful strategies to maximize profitability. Understanding Trend Analysis: Trend analysis involves studying price movements over a specific period to identify and capitalize on market trends. By analyzing the direction, duration, and strength of trends, traders can make informed decisions and align their trading strategies accordingly. Leveraging Key Levels Analysis: Key levels refer to significant price levels on a chart that tend to act as barriers or magnets for price movement. These levels can include support and resistance levels, Fibonacci retracements, pivot points, and psychological round numbers. Real Example: A Forex Trading Plan: 1️⃣ Identify the Trend: Begin by analyzing the higher timeframes (daily, weekly) to determine the overall trend. Use trend indicators like moving averages or trendlines for confirmation. 2️⃣ Zoom Into Lower Timeframes: Switch to lower timeframes (4-hour, 1-hour) to identify potential entry points in the direction of the established trend. 3️⃣ Spot Key Levels: Locate key levels such as support and resistance zones, Fibonacci retracements, or psychological levels that align with the trend identified in the higher timeframes. 4️⃣ Analyze Candlestick Patterns: Look for bullish or bearish candlestick patterns that confirm a potential reversal or continuation of the trend at key levels. Popular patterns include doji, engulfing, and hammer. 5️⃣ Plan Entry and Exit Points: Once a high-probability setup is identified, determine precise entry and exit points, factoring in risk-reward ratios. Utilize stop-loss orders to protect against unexpected price reversals. 6️⃣ Set Risk Management Parameters: Determine the risk tolerance and position size based on the trading account balance. Implement sound risk management practices, such as using trailing stops or adjusting stop-loss levels as the trade progresses. 7️⃣ Monitor and Adjust: Continuously monitor the trade, adjusting stop-loss levels or taking partial profits as the price reaches predetermined levels. Adapt to changing market conditions if necessary. 8️⃣ Learn from Experience: Review past trades to identify strengths and weaknesses. Learn from unsuccessful trades to improve the trading plan and identify areas of improvement. Conclusion: Creating a forex trading plan based on trend and key levels analysis provides a structured approach to the dynamic world of forex trading, enhancing the chances of profitable trades. By incorporating this strategy into your trading arsenal and continually refining it based on real-life experience, you can become a more successful and profitable forex trader. Remember to stay disciplined and adhere to your plan at all times. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
14
28062023 - #USDJPYYesterday, I drew a triangle () and price was within my PZ. I said price to go down but almost immediately flipped my view to go long from the PZ which worked out perfectly as that was the bottom, giving a 3R trade. PZ proved to be a powerful zone as market made a second dip but was just bought up. 143.72 holds, 144.62 is target. A possible trade here is long 143.88, 25 pips stop, target 144.60, 70 pips profit. Anyway what is it for today? Price action is still looking bullish but there will be BOJ speech later which could make things volatile. Price is currently within the PZ. Basing here would launch another up move to target 144.60. Probably the only concern is how yen is gaining strength against other currencies (only USDJPY is up now). But overall, the stand is clear
by FadeMeIfYouCan
26062023 - #DAXLast Friday, market sold off after Thursday's somewhat bearish close. It sold perfectly to support before an equally fast recovery. Market closed near the mid point. Weekly chart looks bearish with price below weekly BZ. Also, looking at how the monthly candle at this point of time, my thought was that if price trades below May's low, that could trigger downside. But at the same time, we also had the Russia news over the week end which probably seem to indicate a gap down but no it did not. Having said so much, we should see further downside today. But let's see what premarket brings. Price is now basing above PZ, thus short term wise, could see a move to 15890 and even 15924 first before a rejection; looking for a move to 15710 or so, where we look for any long opportunities. If market did not trigger the above 2 levels, look for a move below 15824, test and rejection for the move lower.
OANDA:DE30EURShort
by FadeMeIfYouCan
06062023 - #AUDJPY $AUDJPYMarket came down very slight yesterday, and was supported at PZ, forming a tweezer type of candle. Similar move this morning with the down move to test yesterday's low but now market 20 pips higher. USDJPY is weaker but overall, yesterday's price action is not a clear reversal candle. Possible move for today, IMO (with important AUD news later); the thesis would be if yesterday's candle is an intermediate high. Price is now between PZ and BZ. If you ask me, could get a move lower to 91.76 which would be a good location to look for longs. For now, price below PZ, is a short for a move to 92 and 91.76.
by FadeMeIfYouCan